Assume That You Invest $750 at the End of Each

Multiple Choice

Assume that you invest $750 at the end of each quarter for the next 20 years in a mutual fund. The annual rate of interest that you expect to earn in this account is 5.25 percent. The amount in the account at the end of 20 years is

A) $60,000.00.
B) $105,039.84.
C) $37,009.35.
D) $123,510.52.
E) $115,637.37.